that is an interesting comment crazypunter, I confess I did not think of that - nowadays so much "stuff" comes from China, but perhaps the pound would drop to a point that would make any imports very expensive? is that what you are thinking? The UK seems to like change to happen slowly (I am thinking of the Scottish vote) & I believe the powers that be could influence the Eurozone vote to keep the status quo. But in this crazy world one never ever knows. My concern is more that the exchange rate of AUD vs the Pound may have been made at a bad time, so even if successful the profits would be less if brought back to Oz - and there will be no way that the politic in UK will continue to allow corporate profits being sent off shore to reduce tax obligations. Having said all of that I do believe that WES is a well run but complex corporation so as long as they can continue to pay a reasonable divi for the income holders all will be well. GLTAH ps with the complexities I am changing my sentiment to hold from buy (unless it goes below 40 then it will be a buy for me)
WES Price at posting:
$41.06 Sentiment: Hold Disclosure: Held
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(unless it goes below 40 then it will be a buy for me)
(20min delay)